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46 U.S.C. 53304: Vessel ownershipText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 46-SHIPPINGCHAPTER 533-CONSTRUCTION RESERVE FUNDS
Jump To: Source CreditHistorical and Revision Notes

§53304. Vessel ownership

In this chapter, a vessel is deemed to be constructed or acquired by a taxpayer if constructed or acquired by a corporation when the taxpayer owns at least 95 percent of each class of stock of the corporation.

( Pub. L. 109–304, § 8(c) , Oct. 6, 2006 , 120 Stat. 1588 .)

Historical and Revision Notes

Revised

Section

Source (U.S. Code)

Source (Statutes at Large)

53304

46 App.:1161(l).

June 29, 1936, ch. 858, title V, § 511(l), as added Oct. 10, 1940, ch. 849, 54 Stat. 1108.